Majedie Investments records strong year following shakeup

Discount narrowed to 8.4%

Majedie Investments has continued to record strong performance over the last year, following its strategic pivot in January.

In the investment trust's annual results to 30 September, released today (18 December), it revealed a total shareholder return (including dividends) of 26.2% over the year. Majedie Investments scraps CEO role Since the beginning of 2023, the trust has transitioned to a new investment manager, Marylebone Partners, adopted a new benchmark over 4% above UK inflation and introduced a new dividend policy to pay 3% of its NAV out annually. The trust also scrapped its CEO position last month, Investment Week revealed. This has led to the trust's discount to NAV narrowing over the year,...